Business
FIRS shuts Imo transport company over N42.1 million tax debt
The Federal Inland Revenue Service, FIRS, Tuesday, shut the Imo Transport Company Limited (ITC), in Owerri, over a N42 million tax debt incurred between 2008 and 2016.
The sealing of the company was done by an FIRS enforcement team, led by Ruth Mandeun.
The team leader told the ITC that the FIRS had come to execute a warrant of distraint served on the company following futile attempts to make it fulfil its tax obligation to the federal government.
Although, the management of the transport company showed resistance, but later cooperated when it realised the government revenue-collecting agency had complied with due processes in carrying out the exercise.
-
Featured6 days agoInside INEC’s race to prepare for Nigeria’s 2027 elections
-
Latest7 days agoGlobal excitement builds as Healing Streams Live Services returns October 23
-
Featured6 days ago2027: APC unveils nationwide campaign timetable, Tinubu to rally in 12 states
-
Business7 days agoPresident Tinubu and the Low Transport Fares Fiasco
-
Business1 week agoBREAKING: Nigeria’s Inflation Rate Drops to 14.63% in September
-
Business3 days agoNaira faces exchange rate gap as Dollar hits N1,380 on parallel market
-
Business6 days agoCourt dismisses ₦170m Trade Fair contract claim, says Zenith Bank was not a party
-
Latest6 days agoBreaking: NNPCL raises petrol price to ₦1,405 per litre amid discount controversy